The Effect of Environmental Risks, Corporate Strategy and Capital Structure on Firm Performance in Petro chemistry Industry
Subject Areas : مدیریت
maryam khalili araghy
1
(faculty of management and economy, islamic azad university of science and research)
beitollah akbari moghadam
2
(favulty of management and accounting,islamic azad university of qazvin)
masoumeh ataollahi
3
(faculty of management and accounting, islamic azad university of qazvin)
Keywords: Key words: Environment Risk, Corporate Strategy, Capital Structure, Firm Performance, Liquidity,
Abstract :
Many scientists have studied coaxial model which examines the relationship between Environment Risk, Corporate Strategy and Capital Structure on Firm Performance. The present study tries to use the existing structures and theories in the context of financial management and corporate strategy to examine the influence of these variables on the performance. It also aims to shed light on the relationship between financial management and corporate strategy. To examine the relationship between structures and dimensions and to understand the existence of their relationship, some alternatives investigated by the previous studies have been reviewed. In designing this project, the data on petrochemical companies gathered within a period of 5 year (2001-2005) were investigated. All companies holding shares in Tehran Stock Exchange Hall of Petrochemical Industries comprise the statistical population of the study. To analyze the research data, descriptive statistics including means, standard deviation as well as inferential statistics including correlation coefficients, Pearson and ANOVA tests were carried out by SPSS software. In general, the results show that the variable of coaxial model consisting of the environment risks, corporate strategy and capital structure have somehow an impact on the company performance. To sum up, the use of the model such as the coaxial model has a positive effect on corporate performance.
